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9 days from today we_will_begin_ascent_to_$.09pps_within_the_week
as I foretold Click Here in first predictive post. We will be riding higher on Sebastian Pinera's coat tails.
The Doctor
China's out-of-control space_station_Tiangong-1_is_going_to_miss_us
doggone http://www.newsweek.com/space-station-tiangong1-china-crash-earth-707585
Instead of us Chilean peasants selling circus tickets to thrill-seeking tourists to see the Heavenly Palace space junk splattered into our Maricunga Salar... we're going to have to be content with selling tickets to see the fearsome giant fire-breathing Rio Tinto just across our property line looking back at us with his hungry eyes licking his chops ready to swallow us up like so many other chubby ripe junior miners he has feasted on over the years. http://www.mining.com/rio-tinto-race-stake-worlds-largest-lithium-miner/
The Doctor
If Rio Tinto buys into SQM then_we_will_living_next_door_to_Royalty
http://www.afr.com/business/mining/rio-tinto-tightlipped-on-sqm-bid-talk-20171107-gzgx0j
And if Rio Tinto pays $5B for a 32% stake in SQM beating SinoChems's $4B rumored offer then SQM will have an extra $1B for even more acquisitions.
There is some serious major money being waved around here in Chile this month before the election. Lithium is fast becoming the new gold.
The Doctor
I'm thinking India will be next_to_prohibit_fossil_fuel_cars
in Delhi in favor of promoting lithium powered cars/buses/trains in the Capital to save their precious air. Click here.
This might explain why more Indians are flying into Santiago this past month. I first thought Uber was making a push to get more cars here in the capital, but now I am thinking they want to take some lithium back to India to produce more electric Tata EV cars and help clean up the air in Delhi.
The Doctor
PS, but you Indians need to get in line... the Chinese arrived here earlier and they want to clean up their air in Beijing first.
Remember Wealth Minerals? They_might_leave_Chile_for_Argentina.
Wealth Minerals was once our lover in 2015 and early 2016. Click here for the paperback version of this too-fast hot-to-lukewarm romance story.
CEO Henk van Alphen left us for another lover and the wide open road (deserts) of dreams to even more mineral wealth that lay ahead in Chile. Lately though Henk is tiring of hard-to-bed Chile and now wants to find other "more malleable" lovers in Argentina and Bolivia. Click Here for Spanish. Click Here for Spanglish
If Henk leaves Chile, then we will graduate from the number 2 spot to become the number one lithium explorer... but we will still remain a step or two behind Dora the Explorer .
The Doctor
BRGRF arbitrage players, are you blind?
Since you dumb dumbs went on your ride to hammer LIEG down to $.018 you have also hammered your BRGRF share price from $.71 down to $.64 (down another 4% today). Do you not see that without us (LIEG) strong, you (BRGRF) will not be strong. When we are strong, you are strong. You need to face the fact that we LIEG shareholders will (if the hard version of the merger actually happens) surrender someday 34.76 LIEG shares for one of your BRGRF shares but in the process we LIEG shareholders also want a minimum $.26 to $.29 green cash in parity adjustment (ie the delta) which you cannot change given you only have a half million or a million shares to sell under market fair price to artificially lower our pps. You can't compete. Uncle Posco is watching that delta like a hawk.
You think beating us down under $.02pps is the solution to your dilemma but you are only fooling yourself. When you drive LIEG down you also simultaneously drive BRGRF down. Until you Beering guys find some "real" money your only worth is our LIEG title to the property in Chile. Wake up. Your time hammering/shorting us would be better spent instead trying to find a good cobalt company to invest in.
The Doctor
Reuters is saying Codelco is set_to_pull-the-trigger_in_March_2018
on choosing their Lithium partner Click Here for update. Interesting timing I must admit.
It is also interesting that the state mining minister is now saying that Chile is sitting 7.5M Tonnes of lithium in brine deposits.
If Codelco in March 2018 were to somehow short-circuit Maricunga NewCo JV in this process then I would venture to say our fair-weather-only Aussie friends/associates will be saying adios amigos to us... after all, the Aussies have been suffering all the heavy lifting whilst we Chilean peons sit on our backsides doing nada Click here and things could indeed look bleak if Codelco doesn't include NewCo JV in the "deal".
I suppose if we were flying 30 freeloading, self-proclaimed investors/brokers from Australia into Santiago on a mid-October junket to walk on the Maricunga Salar for 10 minutes "WE" two Latino inactive peasant JV partners could then claim we were doing/sharing some "heavy lifting" also.
I have a second house in Santiago. It looked like all these freeloading, self-proclaimed penny-ante investors/brokers were more interested in sampling our gorgeous young Santiago women and the free booze back at the hotel rather than "opening their fake Corinthian-leather plastic wallets" to invest in our JV. For most of these freeloaders this junket was their first opportunity to "interface" with a real woman (retail female investors wink wink) which is 10 steps up the ladder from those hairy-armpit lumberjack Aussie women (retail female investors wink wink) back home in Australia.
I hope these Ozzie rummies bail out in March 2018 after withholding our $7.5M... I say good riddance to the whole lot of them.
The Doctor
PS, REAL investors/brokers fly into Santiago Chile on their own company jets on their own dime searching for lithium investment opportunities... I see them landing in their flashy private jets everyday now with Pinera looking to sweep the upcoming presidential election in the first round.
Mick_Z, you're not my pal. I_don't_chum_with_welching_deadbeat_Aussies
who fail to pay their bills especially after they go around bragging how wealthy they are on a 50% share of the project when it fact their share is only 36.2% and will be less than 50% for another long self-induced unproductive year.
The Doctor
PS, keep crepping on our iHub board (where you don't belong) and I will in turn keep reminding you jackboot white supremacist Aussies of the most nightmarish suppressed worst case scenarios on you deadbeats being a weighty anvil on our Latino peasant backs to bear here in Chile.
Don't be so hard on your self Dr. lighten pal :)
Mick_Z, we're not worthy_of_your_wondrous_Aussie_benevolence... dump_us.
Yeah, you Ozzies are much too good, wise, wealthy, book-educated and superior to us poor wetback, mushroom, smelly uneducated peasants in Chile (and Vancouver Canada)... you should just pick up your kit and dump us. Really, I mean it, dump us. You highfalutin super rich, super smart, never-get-your-boots-dirty, super high-tech Ozzies could have your pick of top lithium properties in all the world so you should just saddle up, wave goodbye to us and move on to your next big lithium opportunity and forget about us pikers here in Chile and all our debt, mismanagement, dilution, Spanish-speaking third class bumblers. You're way too good for us. You'd be much better off without us do-nothing "inactive" partners weighing you down and holding you Aussies back from all your true blossoming potential.
And besides, if some biggie like SinoChem, LG Chem, Tiangi, or Ganfeng sneaks in and cuts an early deal (which we LIEGers pray for) with the legacy majority land owners while you snoozing lackadaisical Ozzies only have a minority less-than-50% Say in the Maricunga NewCo JV before September 2018, then at least you won't have to also initially be bothered with making any decisions on those wetback, mushroom, smelly uneducated peasants from China that would not meet your high Ozzy standards either while majority partners MSB/LIEG structure the revised deal. And please don't tell me you have a binding contract to stand on that coincidentally also allows you to pay that last $7,500,000 (originally due in 2017) whenever you dam well please... you wanna' bet how far that binding contract will go in a Chilean court of law taking 7 years to even decide your first complaint (to wit Corfo vs SQM).
Cheers,
The Doctor
PS, why are you even here crepping on our iHub board? You don't even own one LIEG or Bearing share. Are iHub members going over and crepping on your HotCopper board so you're here in retaliation for some kind of childish revenge?
You shouldn't be worried about LPI mate
Your concerns should be pointed towards BRZ, are they able to come up with their 17.5% of $500mil = $87mil with only a market cap of $46mil
It might surprise you that LPI doesn't have to deposit any more money in the Chile account if they choose not to.
BRGRF pops 14%_to_$.71. LPI_pops_27%_in_same_week_up_to_dizzying_AU$.52
on huge volume of 5,273,000 shares Nov 2 alone.
MSB is a private company so there is no popping to observe/celebrate there.
Hmmmm, the only company left to pop in this triumvirate partnership is LIEG I would reckon.
The Doctor
PS, what's that you say Bunky? You meant to buy more LIEG when it was under $.02pps? Is that what is troubling you Bunky? Well, those days look to be over now Bunky... but do keep trying. We'll all be buying more I'm sure.
Codelco's 10 little wannabe lithium miners in Maricunga
Click here for November 2 update/yearning.
Dear 10 little wannabe Maricunga lithium miners,
Just remember this one fact and you will be fine... all lithium roads in Maricunga pass through the Maricunga NewCo JV Click here. it was the golden rule in 2015 and it is the golden rule in 2017.
The Doctor
New (errrr sorta' kinda' new) slideshow from LPI
Click here for new PowerPoint PDF, titled The Road to Development.
I have had a chance.... zzzzzz..... ahhh, to read this...... snore, snore.... new-ish update-ish repeat-ish report-ish from LPI.... snooze, snooze. Ladies and gentlemen, are you having a hard time sleeping at night? Well, there is good news for you finally! Just read the latest "Road to Development" from LPI and your problems with falling asleep will vanish in just a few minutes. The new colors, added stick-on logos, the bigger print font in this report will just amaze and massage your sleepy eyes into beddy-bye time.
On page 7 LPI claims they own 50% of the project, but by page 8 they get religious and come clean admitting that no they really own only 36.2% of the project (at least until inauguration day for Sebastian Pinera in March, hedge, hedge, wink, wink). As you know I have been advocating that we find a new real lithium miner and sell the remaining 17.5% (ie 50% - 32.5%) to that new company making them the 4th partner in this JV. I am changing my recommendation today after reading this report. Let's find a new real lithium miner and sell the remaining 13.8% (ie 50% - 36.2%) to that new company making them the 4th partner in this JV.
Basically it would appear 2018 is now a wash out on this new "Road". In 2019 we (NewCo JV) are scheduled to make a decision... we need more decisions it appears. 2020 we will be twiddling our thumbs I am guessing. 2021 are we showing more investors more nicely colored charts? 2021 we will be holding our breathe again that Sebastian Pinera gets re-elected. 2022 we will be watching all the lithium flying out the doors in neighboring Argentina cornering the entire world lithium market. 2023 it will be Bolivia's turn. Have I missed anything?
Hopefully the remaining outstanding $7,500,000 will be paid into the NewCo JV by then. And sooooo, I think that pretty well sums everything up from the new report that's important to us mushrooms-in-the-dark/peasants shareholders down here in Chile.
But it sure would have been nice to know when we will get our mining permit in hand and how many tonnes of lithium carbonate we will be able to export for sale per year... because that's really what we mushroom LIEG shareholders want to know now. Everything else is just pretty pictures and bar charts.
It's strange that LPI can produce a nice PowerPoint report like this but they don't have the wherewithal to produce a simple financial assessment of the project to supersede the makeshift simple Excel spreadsheet that we LIEG shareholders have been relying on for the past 9 months to get a "feel" for this asset in Chile Click here for edition 6.
The Doctor
PS, oh yeah... rah rah, ciscoomba, Goooo Team!
Corfo and Codelco could be going under the_microscope_soon... very_soon.
Click here for Spanish
Click here for English
... and the sooner, the better.
The Doctor
Airhead mining-challenged minister_Aurora_Williams_pontificates_on_Codelco
producing lithium in 6 to 7 years. Click Here. Ha ha ha.
Any non-Communista free-enterprise capitalist-based private lithium miner worth his salt could easily beat that 6-7 year dragged-out greasy-palm-ladened projection by 70% at the minimum. My bet is no-vision no-brains no-drive no-ambition Chilean mining minister Aurora_Williams is gone and long-forgotten by March 2018. And a good riddance to her I say.
The Doctor
For reference:
About POSCO & PosLX
POSCO (NYSE:PKX) is a multinational steel-making company headquartered in Pohang, South Korea. POSCO’s shares are traded on a number of global stock exchanges including South Korea, New York, Tokyo, and London with a market capitalization of US$24.1 billion.
POSCO has developed a proprietary technology, PosLX, which has the potential deliver lithium recoveries of over 80% in as little as eight hours with a high purity of 99.9%. This compares to the conventional lithium evaporation process which takes between twelve and eighteen months with recoveries of 50% to 70%. POSCO commissioned a 2,500 ton per year lithium carbonate plant early this year at its Gwangyang Works plant in Korea and is anticipated to help supply its battery making partners LG Chem and Samsung SDI, as well a subsidiary company that produces cathodes for secondary batteries. Click here for article reference.
Uncle Posco is indeed down in the_muddy_trenches_next_to_us_peasant_mushroom
LIEG shareholders.
It's not discussed much but we have all been secretly wondering in the back of our heads if Uncle Posco was somehow someway through some fancy backroom finagling going to get "lower risk" BRZ Bearing Canadian stock certificates or "higher risk" Bearing American BRGRF stock certificates on Merger Day Exchange Day same as we will also be soon wondering which type of stock certificates our old LIEG executives will be getting.
Getting BRZ certificates would have made it seem that Uncle Posco and Bearing were pre-ordained kissy-face sweethearts while getting BRGRF certificates makes it appear Posco and us little-guy mushroom peasant LIEG shareholders are amigos/brothers down in the dirty trenches looking after each other through the upcoming thick & thin for example with respect to parity cash adjustments.
Bearing issued a bulletin today announcing "the appointment of Dr. Lee Sungwon, a nominee of POSCO, to the Board of Directors. POSCO holds 3.6 million shares in Bearing or 6.7% of outstanding." Click Here
Uncle Posco holds 126,472,925 LIEG shares. When divided by the conversion factor 34.76 the result is 3,638,462 BRGRF shares which agrees with today's announcement. Our plebeian "interests" will indeed match Uncle Posco's interests which should become much more obvious bordering on crystal clear obvious soon after a Sebastian Pinera presidential win in Chile... and that will prove very comforting to us little guy mushroom LIEG shareholders when we all sit down to the accounting table's brass tacks. I seriously doubt that Uncle Posco wants to ever see the LIEG pps drop below $.025 (as the minimum) for now. And, we little guys do want to be on the same side of the coin with Uncle Posco.
The Doctor
Chilean Centrist Lefties now want a state-run_Lithium_company
Click Here. These "Lite version" communistas haven't already beat Chile far enough down into the dirt... now they want to put Chile a full 6 feet deep under ground.
Oy vey! Vote for Sebastian Pinera and put Chile back on the road to prosperity.
The Doctor
Lithium EVs can't come fast_enough_for_#1_rank_of_2100_for_air_pollution_China
http://www.cnn.com/2017/10/30/health/climate-change-report-pollution-dengue-heat-wave/index.html
Will china have enough lithium in the pipeline to build all these new "clean" electric vehicles that they need we must wonder?
The Doctor
PS, do the Chinese SinoChem acquisition executives slinking around Santiago to day wonder the same thing?
China's Heavenly Palace_orbiter_crashing_into_earth... commme_to_daddy_in_Chile
Weathermen are saying a nice size sweet spot ozone hole is opening over Chile in 2 weeks. I wonder if the falling Chinese Heavenly Palace 8.5 ton space junk could slip through this new hole over Chile and splat down right on our Maricunga Salar?
https://news.nationalgeographic.com/2017/10/see-china-tiangong-space-station-crash-earth-science/
Ooooooooo, wouldn't this be exciting? Finally Jeremy could get off his lazy duff and write something original (and topical) as a long overdue "shareholders update" about us and for us... that is, if LPI doesn't beat him to the punch again.
The Doctor
To all the Bearing arbitrage_players_trying_to_short_us_down_to_$.018pps
34.76 shares of LIEG at $.0249pps (10:25AM) = $.87
Your one share of BRGRF =______________= ($.58)
_______________________________________$.29 payable to LIEG shareholders
16,000,000 shares x $.29 = $4,560,000 payable by Bearing to LIEG shareholders to make parity on the Merger Day exchange day... or shortly thereafter.
Do you guys actually think that the major LIEG shareholders are going to let you artificially beat us down on price to $.018 per share and forfeit (ie give away) our pro rata share of this $4,560,000 cash windfall? I think not. Everyday at around 3:58PM you are going to get your bloodied posterior handed to you on a dirty plate. We LIEG shareholders have already lost too much to let our share price get below $.0249pps for any significant amount of time to influence the upcoming parity calculations. I know you guys are freaking out now with Pinera gaining strength Click Here to take the Presidential election in the first round, but hey... that's life. And in time you are going to regret dumping all those LIEG shares at under-market prices to the guy sitting at the next trading desk 3 feet from you. You're gonna' wish you held onto those shares one day and played this arbitrage in reverse soon if Bearing actually does try to go through with this merger.
The Doctor
PS, and don't say we're already merged... we won't be "merged" until our LIEG shares are permanently removed from trading on the OTC and the SEC has formally blessed the merger.
Codelco still yammering about_their_10_bidders,_but_nothing_will_happen
of any significance for them in Maricunga without us (NewCo JV) being smack dab in the center of the deal.
Click Here Reuters yammering.
Click Here for Mining.com yammering.
The Doctor
Remember as a kid we wrote dopey_"what_I_did_last_summer"_essays_for_school?
Well 32.5% partner LPI took 30 little dopey kids out to Maricunga Salar 2 weeks ago on a field trip. Dopey little kid brown-noser Christopher Ecclestone from Halgarten wrote his "what I did last summer" essay and submitted it to teacher a week early along with a shiny red apple for teacher plus a freebie outrageous pump that LPI (at AU$.49 today) will hit AU$1.10pps in 12 months. Was Christopher paid in LPI shares for his folksy-man-on-street essay I wonder?
Hey Christopher, how about asking those welching deadbeats why they can't pay the $9,520,000 they owe the NewCo JV in 2017 like they originally agreed to do?
The Doctor
PS, Christopher, first wipe all that brown stuff off your nose, and second if you want to really help the project (and us at MSB/LIEG) along then find a real pick & shovel miner to buy the last remaining 17.5% of the project who will do some actual work on the site instead of giving a bunch of freeloading rummies tours of our two other "inactive" (code for lazy, your words page 1, 4th sentence down) stakeholders project and putting them all up in expensive hotel rooms in party town Santiago on our dime.
We'll be at $.09pps_within_1_week_after_Pinera_wins. Mark_my_word.
http://www.reuters.com/article/us-chile-politics/chiles-pinera-says-spending-plan-would-cost-14-billion-idUSKBN1CZ2PT?il=0
The Doctor
We have good news_today. Remember_LPI?_Well they're_still_alive.
And for the 11th or 12th time they have discovered we have lithium on the Maricunga Salar. Good work mates. Click here for confirmation they did not die.
Cheers
The Doctor
PS, what's happening with NewCo JV's $9,520,000? Is that final payment still being excruciatingly dragged out until September 2018? Remember mates, you only own 32.5% of the project until that money is paid to us.
Tesla Turns Power_Back_On_At_Children's_Hospital_In_Puerto_Rico
http://www.npr.org/sections/thetwo-way/2017/10/25/560045944/tesla-turns-power-back-on-at-childrens-hospital-in-puerto-rico
Solar panels and Lithium batteries.
This is the future... only a fool could doubt it.
The Doctor
Pray Sebastian Pinera_wins... or_we_can_all_hang_up_our_batteries.
http://www.todayonline.com/world/pinera-keeps-lead-chiles-presidential-race-cep-poll
Do you in-the-dark-mushroomed peasant LIEG shareholders like me out there in the nether lands ever wonder which presidential candidate our board is financially contributing to? On November 20 we are all going to want to know who our board supported with tangible purpose, as are the elected members of the new regime also going to want to know... just out of passing curiosity of course, I would venture to say.
I hope they are supporting Pinera, but I don't know for sure. Do you? If we can't support a candidate... then I hope it is not because the JV is cash-strapped and $9,520,000 short back in the old hacienda.
The Doctor
PS, Vote for Sebastian Pinera.
China's Heavenly Palace,_crash_into_us... please,_pretty_puuuulease.
we're so desperate for some publicity PR ("There is no such thing as bad press" said Bela Lugosi) that we will take anything, anyone (including China) good or bad can dump on us at this point. http://www.businessinsider.com/chinese-space-station-when-it-will-crash-2017-10
We all thought Jeremy was going to put us "on the great big PR map to fame", but that turned out to be a another big dud that goes/went nowhere.
We need that Chinese space orbiter to crash smack-dab right into the Maricunga Salar so we can get at least a few minutes airtime on the news front or YouTube. There's nothing else happening good for us... so pray this orbiter lands on top of us. We can then charge 2000 pesos to the tourists to view the space craft's remains... and after the novelty wears off we will sell the surviving Chinese titanium from the ship to the reclamation scrap yard down in the barrio... this should hold us over until Leon Ponce Lerou gets his $4B cash infusion.
The Doctor
PS, it's a shame we never got that full $9,520,000 from the Ozzies in 2017 as originally outlined... now we'll hopefully survive a little longer (past December 31 please, please) by becoming (with a little bit of luck) a circus hosting outer space junk.
Rejoice amigos! LPI_is_not_dead. They_still_speak_to_us_from_the_funeral_parlor
.... and here we thought they were dead. Our Aussie 32.5% partner awoke this morning to answer/clarify (Click Here) an earlier iHub post regarding the possible new increases under the current Centrist Lefties in the lithium royalties extracted from Chilean lithium miners Click Here for iHub post.
LPI is telling us that contrary to the golden rule of "what's good for the goose is good for the gander"... the government's proposed royalty increase on lithium will only affect those miners in the Atacama region and not the lithium explorers (trying to invent themselves into miners) in the Maricunga region. Well this is good news, would you not agree? Now let's hope the Communistas agree with LPI on their interpretation of the golden rule.
Strange, LPI is saying in this news update that they are now 50% partners in the NewCo JV. I thought they were only 32.5% partners until they pay the last $9,520,000 which they owe the JV Click Here to see the revised 2018 payment plan.
Did the Ozzies pull a fast one on us and pay this outstanding $9,520,000 early when no one was looking? Boy, now wouldn't that be a nice surprise for everyone (including us mushroomed peasant LIEG shareholders) struggling in 2017?... but I doubt that happened. I sure wish we could bring in a fourth JV partner as a real pick & shovel miner to take that last 17.5%... don't you wish that too?
The Doctor
Strange, Mineria Chilena is_reporting_SinoChem_is_looking to_buy_into_SQM.
Mineria Chilena is reporting this morning that SinoChem is yes, they are pursuing a stake in SQM... or at least pursuing something in Chile related to lithium I would assume Click here for October 24 story.
Dear Mr SinoChem,
Clearly you are looking to buy something lithium-based in Chile. May I suggest that you buy a nice sweet fresh lithium exploratory (sadly we are not competent miners) company called LIEG just ripe for the picking now before Sebastian Pinera wraps up the upcoming Presidential election and everything in Chile lithium-related triples in price overnight.
Today we (ie LIEG) are worth the bargain price of $.074 PPS.
I would venture to further say that a "as-is" price (cash plus stock) for all of the NewCo JV in Q2 2019 would be $1,030,000,000 (based on a 7% cap rate) if you are interested in such esoteric calculations/projections.
The "current numbers" for LIEG follow:
Lithium Carbonate Equivalent = 2,150,000 Tonnes
Price Li2CO3 = $14,000 /Tonne Ref click here
26-year life span of mine LOM = 26 Years
Life of mine Gross value = $30,100,000,000
Tonnes production 100% capability per year = 83,000 Tonnes
Tonnes production 55% w/Conversion per Yr = 45,650 Tonnes (This could go way higher in our favor if we had a more experienced miner… eg not LPI)
Tricky Dicky Fudge Packer factor (SUBTRACT) = 46.0% (This could go way way way down in our favor under President Pinera)
Tonnes LCE production capability per year = 25,000 Tonnes (Salar is so deep that we could easily go 80,000 tonnes if allowed without missing a beat)
Mine gross revenue per year = $350,000,000
Operating Expenses per Tonne itemized
Chemicals & reagents $1,615
Salt Removal $244
Energy $183
Manpower $274
Employee services $305
Maintenance $122
Transport & sales $183
G&A $122
Operating Expense per tonne $3,050 = ($76,250,000)
Maintenance per year. See above. = $0
Depreciate Capex of US$257M over 26 years = ($9,885,000)
Revenue after expenses ST = $263,865,000
National Royalty 3% = ($7,916,000)
Local royalties / community payment / Tax 35% = ($92,353,000)
EBITA = $163,596,000
Estimated Income 44% of EBITA 44% = $71,982,000
LPI income per year 50.0% = $35,991,000
Minera Salar Blanco income per year 32.3% = $23,250,000
LIEG income per year 17.7% = $12,741,000
Value of LIEG at Cap Rate 7.0% = $182,014,286
Number of LIEG shares = 556,124,331
Projected value of LIEG share March 2019 = $0.327 PPS
Interest Rate = 5.0%
Nper. Number of months in study = 16
Minimum appreciation per month per share 6.0% = $0.020 /mon/share
Future Value 2019 = $0.327 PPS
Type (payment at beginning) = 1
Value of LIEG share October 2017 = $0.074 PPS
The Doctor
PS, I hope you guys are having a nice time in Santiago. We love having you Chinese in Santiago with your big fat expense accounts and expensive tastes.
There were over 20+ brokers and investors brought in by LPI looking at the Maricunga project last week, maybe SinoChem were one of them.
Ha! I've been_tricked. SinoChem_is_not_going_after_SQM_says_Reuters
Click Here for denial by SinoChem.
So why are SinoChem scouts in Santiago... and who they looking to buy?
The Doctor
PS, Jeremy, when is the news black-out from you going to end? It is time you gave us mushroom LIEG shareholders a real update. Why have the Aussies gone into hibernation mode? Are we (ie the whole NewCo JV) being bought?
Huge huge Chinese money_now_openly_chasing_lithium_in_Chile
... cat's outta' the bag. There's no more clandestinely low-profile sneaking around Santiago now.
SinoChem chases a $4,000,000,000 stake in Chilean lithium miner SQM
click here only one time.
Exit Potash. Soon SQM will be majorly bigly flush with cash. There will be a blockbuster paradigm shift in Atacama (has a rainy season curtailing mining) and Maricunga (has no rain problems affecting mining)... no one will be safe from the all-consuming, unquenchable, unstoppable, godzilla SQM.
I say the potential for us being eaten up by the newly-energized cash-rich SQM in mid or late 2018 will be 85%... mark my word.
The Doctor
Ooooo those Chilean_Communistas_are_a sneaky conniving bunch
The Centrist Lefties running Chile now are trying their darnedest to carve out one more pound of flesh out of the lithium miners before they get their corrupt lazy thieving butts thrown out in this November's election. The amount of royalty (blood money tax) the lithium miners pay to the government has been 39% (3% to National, plus 30% to 35% to Local) and this figure has been used in my calculations to determine our LIEG present day PPS value of $.084 click here go midway down
The sneaky Centrist Lefties are trying to revise this figure by "hurry-up" pressuring Albemarle to agree to a new royalty rate structure in exchange for having their recent request for an export quota increase fast-track approved. click here, go to last paragraph
On tonnages selling for less than $4,000/Tonne the royalty is 6.8%
On tonnages selling for between $10,000 to $12,000/Tonne the proposed royalty increases from minimum 35% to minimum 40%
On tonnages selling for over $12,000/Tonne the proposed royalty increases from 35% to a testicle-busting 60%
And we all know, the price of lithium carbonate per Tonne is going well over $12,000 in early 2018 as sure as the sun is going to rise tomorrow.
I am sure Albemarle has enough common sense brains (and juice) to drag these negotiations out until Sebastian Pinera is elected President... but this is the kind of business-killing, crippling, gouging programs the current cabal of communists in power want to dump on lithium miners in Chile. It is no wonder Chile dropped from the number one lithium producer to number 4 in the world.
The Doctor
PS, Save Chile! Vote for Sebastian Pinera as President in November!
Bearing showing CAN$3,200,000 in the bank_this_morning.
In previous posts (Click Here for typical post) I mentioned that for Bearing to get right with us LIEG shareholders they would need $4,320,000 (est) to meet parity on Merger Day (ie exchange day). Well happily for us the coffers at Bearing are growing. Bearing records CAN$3,200,000 in the treasury this morning so that is a positive sign for all us previously abused increasingly-uniting peasant mushroom LIEG shareholders Click Here for update.
The Doctor
Even more lithium_destined_for_China. Tesla_in_Shanghai_next.
https://www.bloomberg.com/news/articles/2017-10-22/tesla-shanghai-reach-deal-on-wholly-owned-facility-wsj-says
Tesla now realizes they have to have at least one full-scale operation in China in order to keep up with vehicle demand.
The Doctor
Jeremy, have you gone_deaf_&_dumb? Or_are_you_too_good_to_talk_to_us?
What did we at LIEG do to deserve this news black out and the silent treatment from you? Do you not like us LIEG peasant shareholders? Is there absolutely nothing going on up there in your rarefied sphere that you can "update" us on down here in Chile? Are you going to be stone quiet until you are sure Sebastian Pinera has won the presidency? Or are you deathly paralyzingly afraid you won't be able to cough up the extra cash to make parity on the Merger Day exchange? Weren't you once telling us that you had all these secret big-shooter high-flyer types backing you that could easily pump us up with the green stuff at the right time?
Let's see, where are we at today?
LIEG is at $.026pps, BRGRF is at $.63pps at 3:00PM today.
34.79 LIEG shares at $.026pps is worth_____$.90
One share of BRGRF is worth____________- $.63
On paper, LIEG shareholders "disparity"_____$.27
Cash parity adjustment from Beering paid to LIEG SH would then be $.27 on top of the one BRGRF share we would own.
556,124,331shares/34.76 x $.27 = $4,320,000 cash to LIEG shareholders
You do have the $4,320,000 cash for payment to us little mushroom shareholders at LIEG... right? You wouldn't be a deadbeat welcher like those Aussies from Down_Under would 'ya? Nah, you're too classy to be a welching deadbeat like those Ozzies.
The Doctor
Ahhhh_so, Chinese showing increased interest in raw_lithium_miners/explorers
Prime suppliers to giant BAIC like Jiangxi want to get even closer to the sweet-spot lithium source(s) further slicing more middle-men out of the supply chain. Click Here.
Jiangxi (Ganfeng) is in Argentina a couple of hours away from us in Chile. Click here. And they already like our next door neighbor SQM a whole bunch as you can easily see in the article.
This is all bery bery interesting.
The Doctor
Glencore CEO Mike Ciricillo_in_Chile_on_Tuesday_playing_footsies_with_Codelco
http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fwww.mch.cl%2F2017%2F10%2F17%2Fceo-glencore-sitios-metalurgicos-visito-codelco-ventanas-conocer-soluciones-ambientales%2F
And you will remember that Codelco is our neighbor on the Maricunga Salar.
Glencore is a super-charged major player in green industry. This new tack by Glencore to venture out farther from the safety of Europe/Africa bears closer watching especially now with Sebastian Pinera looking to sweep the Chilean Presidential election during the first round in November Click Here. I wonder if cagey Glencore is thinking underdog Bolivia is slowly gaining world support through a well-managed slick PR campaign to reclaiming previously expropriated lands (by Chilean troops) and might actually win back access to the Pacific Ocean for their land-locked mineral rich country in 2022-ish? Click Here. With Australia, Argentina and Bolivia "directly" (ie no tax to Chile) loading oceanic freighters in "their" ports ON the Pacific Ocean chock full of Lithium Carbonate bound for China, India, Russia and Germany, Chile might soon have no choice but to activate a few more private lithium miners just to hang on to a sloppy fourth position in the world-wide export of lithium. This is so sad when you think Chile before the last 4 years of Leftists running the government into the ground used to be numbero uno on exporting lithium. And Chile's lithium output from the current 2 approved lithium miners (Albemarle and SQM) is surely going to drop more now that Corfo and SQM are officially deadlocked Click Here.
Glencore is Volkswagen's golden boy. Correspondingly Glencore loves Volkswagen. And, Germany's Volkswagen is super hungry for lithium and cobalt now as you are already well aware.
The Doctor
Rational_gringos_struggle_to_understand_why_Chile classifies_Lithium strategic metal
El Mucho Top Gringo Bloomberg writes:
The Chilean Nuclear Energy Commission, or CCHEN by its Spanish initials, authorizes lithium quotas and exports in a throwback to a 1979 decision to declare lithium “strategic” because it was thought to be a key element in nuclear processes.
While that’s no longer the case, the government has no plans to remove CCHEN from lithium permitting even as authorities work on a new code for an industry struggling to keep up with growing demand from rechargeable batteries. More investor-friendly rules in Argentina have lured some interest away from Chile. Click Here.
But of course lithium in Chile still needs to be classified as a sacred-cow strategic metal key to restricting atomic explosions and thereby total destruction of Chile by nuclear annihilation... plus how else can the fat cat corrupt politicians pretend overseeing/running CCHEN get their under-the-table kickbacks from permit-seeking lithium miners to pay for their million dollar seaside vacation mansions and lavish trips to the French Rivera or Turkey? CCHEN is as useful as a mammary gland on a bull.
The Doctor
Let's paint a 300m_diameter_bulls-eye target_on our project
and have China steer the crash landing of the Heavenly Palace Orbiter right into the Maricunga Salar
https://www.washingtonpost.com/news/speaking-of-science/wp/2017/10/16/chinas-first-space-station-will-soon-crash-to-earth-no-one-knows-where-itll-hit/?utm_term=.285830637f14
.... then we might finally get some publicity because under our new "possible" Beering overlord we sure ain't getting any publicity now. Other than appointing two lapdog brown-noses to the Beering honorary pretend advisory board in the past week we (ie THEY) got nothing to report or trumpet to stir up even one ounce of interest in us. Those guys en el norte need to take a break from all the champagne, caviar, and fast women (or at least they look like women) in Vancouver and do something to "promote" us. When LPI freezes up and stops writing about the Maricunga NewCo JV then these copy-cat plagiarizing moochers in Vancouver (who have never had an original thought in their heads) also go into hibernation and shut down completely to our (ie LIEG shareholders) regret/chagrin.
The Doctor
What does it mean, Bearing_pays_16M_Shares_for_LIEG... it's_simple_to_explain
Woolfgi, before the upcoming Merger Day we (ie LIEG) are a company of 556,124,331 shares on the OTC owning 17.7% of the Maricunga NewCo JV.
After the Merger Day we (ie the Legacy LIEG shareholders) are a new company called BRGRF comprised of 16,000,000 shares on the OTC reduced to owning 6.21% (ie 17.7% x 35.12%) of the Maricunga NewCo JV.
BRZ listed on the Canadian Exchange will own 11.48% (ie 17.7% x 64.88%) of the Maricunga NewCo JV. You will own none of this... and you won't be able to sit down comfortably for a month or so.
From the Merger Agreement Click Here go page 53 paragraph 8
Ownership of Bearing After the Merger
Immediately following the merger, current Bearing shareholders will own approximately 64.88% of the issued and outstanding Bearing common shares and current holders of Li3 common stock immediately prior to the merger will own approximately 35.12% of the issued and outstanding Bearing common shares on a non-diluted basis. On a fully diluted basis, assuming the exercise of all outstanding options and warrants to purchase Bearing common shares and Li3 common shares, the current Li3 shareholders will own approximately 28.14%, and the Bearing shareholders will own approximately 71.86%, of the issued and outstanding Bearing common shares.
If you voted YES then "this is your new bed that you made... now sleep in it" as my mother used to say.
The Doctor
Chinese Heavenly_Palace_space_orbiter_crashes_into_earth_circa_election-time
We cannot confirm a direct hit into the Maricunga Salar just yet Click Here for update... but given the current perigee and increasing interest by the Chinese in Chilean lithium we may be asked (at this high elevation) to take/allow the full bore "hit" if the decaying orbit around the earth continues at this rate.
Reporting Live from station WJET in Santiago, I am your loyal servant in bringing you mushrooms all the inter-connecting obtuse news that's news potentially affecting us today in Chile,
The Doctor
That is, If the Merger even takes place
Go to the Merger Agreement page 54 paragraph 5 which reads:
Conditional TSXV Approval
It is a condition to the completion of the merger that the TSXV has conditionally approved the listing of Bearing’s common shares to be issued pursuant to the merger agreement on the TSXV, with final approval of the TSXV being subject to receipt of Bearing shareholder approval, if required, and satisfaction of certain customary filing requirements of the TSXV.
I would venture to speculate that if Sebastian Pinera wins the upcoming presidential election in November by a majority then the Bearing shareholders will automatically vote YES to accept the Merger no later than the 3rd week in December.
Conversely (and wisely) I would then counter speculate that if the Centrist Left were to win the Presidential election in a December run-off then the Bearing shareholders would vote NO to reject the Merger no later than December 30. Only the LIEG shareholders have voted on the Merger... the Bearing shareholders have not yet voted. If I were a Bearing shareholder I would darn sure vote NO also if the Communists win in a December run-off because absolutely zero will happen on the Maricunga NewCo JV project for 4 more years if the Centrist Lefties remain in power. If Pinera wins then all hell breaks loose in our favor.
LIEG closed at $.027pps on Friday. BRGRF closed at $.67pps on Friday.
34.79 LIEG shares at $.027pps is worth $.94
One share of BRGRF is worth________-$.67
On paper LIEG shareholders loss______$.27
If the merger took place on Monday before the opening bell then Bearing would need to produce (ie cough-up) $4,320,000 (556,124,331shares/34.76 x $.27) as payment to LIEG shareholders as fair compensation to reach parity (as the SEC should be made to certify in writing after the stocks exchange on Merger Day). Dissenting LIEG shareholders would seek (ie enjoy) this remedy on legal means as stipulated in paragraph 6 of the above-mentioned Merger document which reads:
Dissenters’ Rights of Appraisal
Pursuant to the NRS §§ 78.3793, 92A.300 - 92A.500 (inclusive) (the “Dissenters Rights Provisions”) Li3 stockholders who do not wish to accept the Bearing Shares in consideration for their Li3 Stock, will have the right under Nevada law to seek an appraisal of the fair cash value of their Li3 Stock, exclusive of any element of value arising from the accomplishment or expectation of the merger.
In the context of the merger, the Dissenters’ Rights Provisions provides that the former stockholders may elect to have Li3 purchase the Shares held by the former stockholders for a cash price that is equal to the “fair value” of such Shares, as determined in a judicial proceeding in accordance with the Dissenters’ Rights Provisions. The fair value of the Shares of any former stockholder means the value of such Shares immediately before the effectuation of the merger, excluding any appreciation or depreciation in anticipation of the merger, unless exclusion of any appreciation or depreciation would be inequitable.
In order to exercise your dissenters’ rights, there are numerous conditions you must comply with. An initial requirement is that you must provide written notice to Li3, before the shareholder vote at the Special Meeting, of your intention to demand payment for your shares if the merger is completed. Proper notice will be considered given if... blah, blah, blah
Any attorney you hire worth his salt could have you (ie you the reader here today) classified a dissenter within a day or two. More likely you will just join the class action against Beering and will be made into a dissenter overnight especially since Annex C was apparently not even included in the merger docs as required/stipulated... hence not readable by LIEG shareholders before the voting, tsk, tsk. Annex C URL does not work, Go ahead, try it yourself.
Now come forward and closer to read... Accounting Treatment of the Merger
16,000,000 shares of BRGRF are being distributed to the LIEG shareholders who on paper hold 556,124,331 LIEG shares.
In settling the $525,000 debt owed to Martin Borda etal the slippery signers to the merger agreement agreed to set the price of one BRGRF share at $.78 as registered on September 8, 2017. Attorneys for Beering might argue that we mushrooms-in-the-dark undeserving third-class peasant LIEG shareholders are entitled to no more that one BRGRF share valued at $.78 which would create a "one share plus cash sweetener exchange" scenario something like this:
LIEG closed at $.027pps on Friday. BRGRF closed at $.67pps on Friday.
34.79 LIEG shares at $.027pps is worth_____$.94
One share of BRGRF is worth_____________-$.67
On paper LIEG shareholders gross loss_____$.27
Cash restitution from Beering paid to LIEG sh $.11___($.78 - $.67 = $.11) on top of the one BRGRF share you would own.
On paper LIEG shareholders net loss_______$.16
If Beering could get us to swallow this $.78pps as a fair (at par) value for one share of BRGRF then they would only have to cough up $1,760,000 (16,000,000 x $.11) not the full $4,320,000 (16,000,000 x $.27) which should by all rights be due us on Tuesday if the merger actually happened this Monday before the bell.
But people like me are not going to roll over like a savaged beaten half-starved mongrel dog and accept this ludicrous only-half-serious $.11 cash offer... we want the full $.27 cash (or possibly more, yeeee haaaa!) on this upcoming exchange and we intend to get it.
The Doctor
What does it mean, Bearing pays 16M Shares for LIEG
16M Bearing Shares in USD are 16,000,000 * 0,84 CAD * 0,80 USD per CAD.
This is 10,752,000 USD.
Issued shares for LIEG are 517,000,000.
A issued share LIEG payed in BRZ.V Shares becomes
10,752,000/517,000,000=0.0208 USD
Floating shares for LIEG are 275,000,000.
A floating share LIEG payed in BRZ.V Shares becomes
10,752,000/275,000,000=0,0391 USD
Do they pay issued or floating shares?
The question is- Will Bearing go up when shares transder? If not, we will take a real thrashing!
BRGRF (which matters to us) does_not_rock_all_that_much
Woolfgi, BRZ spiked to 15% but has dropped back to 8.75% which is still impressive... but sadly we LIEG mushrooms here own BRGRF and we vicariously only rose 4.41% today for a $.69pps
For BRGRF to hit parity with us (LIEG shareholders) today it would sadly need to rise to (34.76 x $.0267) = $.93 pps.
If you want to spread enthusiasm and optimism here on this iHub for LIEG shareholders you need to stop focusing on BRZ and get BRGRF out of the toilet back up to at least $.93pps... although the dissenter voters are not that worried I suppose since they/we are most likely to sue for parity cash settlements eventually to smooth out the wrinkles.
The Doctor
Bearing rocks.
+15 % today.
regards
woolfgi
Puerto_Rico: Alphabet’s Project_Loon_gets_OK. Elon_Musk_is_probably_next.
https://www.theverge.com/2017/10/7/16441834/alphabet-google-x-project-loon-puerto-rico-air-balloon-lte-connectivity
Puerto Rico might just turn out to be a huge testing ground for some major new technology that could blow hard-wire & dish ISPs out of the saddle. Elon Musk with his solar panels and Gigafactory lithium batteries could do the same to fossil fuel power plants in the USA with his proposed paradigm shift in PR for electricity. http://money.cnn.com/2017/10/05/news/economy/elon-musk-puerto-rico-tesla-power-grid/index.html
Oh look! Chile is opening a foreign investment office in San Francisco... perhaps to be closer to Elon Musk? http://markets.businessinsider.com/news/stocks/Chile-celebrates-its-first-InvestChile-outpost-abroad-opening-U-S-office-to-promote-foreign-investment-1003115615
Coincidence? Maybe... or maybe not.
The Doctor
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The Company's technical team has direct experience successfully exploring and producing lithium resources.
The management team and Board of Directors have extensive corporate development and finance expertise.
Company Web Site: http://www.li3energy.com
About Li3 Energy, Inc.
Li3 Energy, Inc. is an exploration and developmental stage public company in the lithium mining and energy sector. Li3 aims to acquire, develop and commercialize a significant portfolio of lithium brine deposits in the Americas. With its controlling interest in its Maricunga Project, Li3's goals are to; a) support the global implementation of clean and green energy initiatives; b) meet growing lithium market demand; and c) become a mid-tier, low cost supplier of lithium, potassium nitrate, iodine and other strategic minerals, serving global clients in the energy, fertilizer and specialty chemical industries. Additional information regarding the Company can be found in our recent filings with the Securities and Exchange Commission ("SEC") as well as the information maintained on our websitewww.li3energy.com.
FORMER COMPANY:
FORMER CONFORMED NAME: NanoDynamics Holdings, Inc.
DATE OF NAME CHANGE: 7-29-2008
FORMER COMPANY:
FORMER CONFORMED NAME: Mystica Candle Corp.
DATE OF NAME CHANGE: 7-29-2005
Li3 Energy has signed a letter of intent to purchase options to acquire up to an aggregate 80% interest in eleven lithium brine properties covering 123,000 acres in Chile
and options to acquire an 85% interest in four lithium brine properties covering 90,000 acres in Argentina.
The company has also signed a letter of intent to purchase options to acquire a 100% interest in 75,000 acres in Nevada's Big Smoky Valley.
"Upon closing of our planned acquisitions, Li3 Energy will have secured options on approximately 288,000 acres of prime brine properties in the three largest politically stable brine producing areas of the world.".....Luis Saenz, CEO
Li3 Energy Closes Acquisition of Next Lithium Assets at Big Smoky Valley, Nevada
LIMA, PERU, Mar 12, 2010 (MARKETWIRE via COMTEX)
With the closing of the agreement, the Company has acquired a 100% interest in 170,000 acres of a strategically located property prospective for lithium brine, located in Big Smoky Valley near Tonopah, Nevada.
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